The second biggest fashion store in the world, H&M, will be opening a store in Johannesburg and is currently looking for a location in Cape Town. Don’t get too excited though since the first store in Joburg’s Mall of Africa will only open at the end of 2015. Hennes & Mauritz is the next top international brand to come to SA following the successful launch of Zara and Topshop.
The Swedish clothing giant H&M exists in 43 countries and employs nearly 100,000 people.It had 2,325 stores at the end of 2011 and 2,629 stores at the end of August 2012.
“H&M has signed a lease to open a store in Mall of Africa in Johannesburg, and is working to find a way to open in the V&A Waterfront in Cape Town, according to sources.Mall of Africa, which is due to open at the end of 2015, is being developed by Atterbury Property Holdings. ” [BDLive]
Now you know.